(Update) Add governmental program information for USDA loans

Update 10/6: This feature was initially introduced in April 2022, but was postponed before it was released to production environments. We are now re-commencing the rollout per the schedule outlined below.

Date Available: Beta Now, Prod 11/7

Which customers are impacted?: Customers who process USDA loans in Blend.

How to turn on: This feature will be automatically enabled for all customers on the dates listed above.

Purpose of Update and Benefit:

This feature surfaces new fields in the lender application page and the Details of Transaction page when a lender chooses “USDA Rural Development” for Mortgage type. 

Current Behavior:

Currently, the lender application does not surface any additional fields when “USDA Rural Development” is chosen in the Mortgage type dropdown.

There are no additional fields added to the Details of Transaction page. 

New Behavior:

When this feature is enabled, the lender application in Blend will show additional fields related to USDA loans if the mortgage type “USDA Rural Development” is chosen. 

These same fields will appear in the Details of Transaction page under “Other details of transaction” section.

Depending on your pricing engine, if the monthly mortgage insurance premium for USDA loans is included in the pricing engine integration, this will be included as a proposed housing expense on the Monthly Debt page.

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